Just wondering if this cap raise could be a binding offtake agreement and equity investment similar to CXO's with Ganfeng?
If it was a binding offtake and equity investment, would SYA's announcement today say "material capital raising" instead of "capital raising"?
Below are screenshots of CXO's announcements and the share price graph with a highlight for the date of the announcement.
Small dip before the long run up.
Ann: Trading Halt, page-136
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Mkt cap ! $277.9M | |||
| Open | High | Low | Value | Volume |
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